Tom Inc and Huck Corp both have 5.8 percent coupon bonds outstanding, with semiannual interest payments, and both are priced at par value. The Tom Inc. bond has 3 years to maturity, whereas the Huck Corp. bond has 20 years to maturity. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of these bonds? If interest rates were to suddenly fall by 2 percent instead, what would the percentage change in the prices of these bonds be then? What does this problem tell us about the interest rate risk of longer- term bonds?